Crypto payments are supposed to be faster and safer which they undoubtedly are. But the implementation of crypto payment portal has not been done efficiently because of which people are not familiar with payment method and its benefits. 100% blockchain-based portals haven’t been deployed yet which leaves them vulnerable to cyber threats. The platforms are not secure enough to save the users’ information and this leads to graver incidents of token or information theft. Bringing unique solutions ahead Bytus has come up with solutions haven’t been applied yet. It brings ease and speed both into the crypto payments and makes them exactly what should be. Therefore, the crypto payments become more adaptable with this payment platform. Bytus has integrated the best of technology in conjunction with blockchain and created the best for the cryptocurrency users. Blockchain enables us to weed out all the intermediaries and connect with the trading party directly. Some projects have tried to establish a connection between merchants and users through cryptocurrency. But they couldn’t get rid of imperfections in the functionality of payments. The most noticeable one is the latency which was deeply discouraging for crypto enthusiasts. Making bigger possibilities real The existing fiat payment platforms execute the payment at a much lesser time than their crypto counterparts. And that’s the reason, crypto payment couldn’t achieve the traction it should have been. Bytus has directed its resources and technology to make crypto payments better and faster in every aspect. This platform will help cryptos supersede fiat and usher the world into the realm of digital assets. This platform will expose the world to the real potential of cryptocurrency. With the help of blockchain technology, we can achieve what’s not possible with fiat. It is not just limited to personal transactions of individuals, it indicates a massive revolution in business as it opens possibilities of transactions with a greater amount at a much lesser time without any charges. It opens a doorway to whole new possibilities applicable to our entire economy. Creating a highly adaptable ecosystem It means that bulk transactions will be possible without stalwart transaction fee which would increase the pace of business all over the world. The level of business and income will multiply manifolds and it would be a great impetus to the world economy. The effects of crypto payments would snowball into a great upheaval which would sweep the whole world. Bytus kicks off the revolution by allowing individuals to indulge in crypto payment in their day to day transactions. Bytus is focused on creating an ecosystem by including multiple payment terminals. It makes its platform easily adaptable and acceptable by integrating utility tokens with a comprehensive network. This payment portal brings transparency, speed and synchronicity among the cryptos and fiats. Bytus will make an adaption of crypto payments easier for retail chains and will encourage more users to take up this technology.
If you have been following the news recently, you probably have a clear idea about what’s happening in the world of cryptocurrency. Back in 2017, the crypto market rose to new heights. Bitcoin’s meteoric rise over the past year turned heads of investors and governments alike. Financial markets were affected, as people started taking their money out from their investments and mutual funds, and began to put all of that money into cryptocurrency. What was designed as a discreet, simple way of making transactions soon turned into an investment opportunity for millions of people? It didn’t take long for the market to boom, and plenty of other ICOs were held. A bunch of new coins were introduced, most of which were affected by Bitcoin’s financial position in the markets. There was a time when one Bitcoin was selling for an amount higher than $20,000. Naturally, many other coins were impacted as well, and prices rose sharply. A number of new crypto exchanges were opened as well, where people could trade different coins. Before you could begin trading, however, you had to purchase Bitcoin (BTC) or Ethereum (ETH). The blockchain network became a viable solution for people who had to make payments and was widely used by people for sending money discreetly. The thing that worried governments and regulators was that every transaction was hidden and difficult to trace. By 2018, however, the hype surrounding cryptocurrencies had all but faded, and Bitcoin began to tank. Within a few months, Bitcoin tanked by more than 60%. So, how did Bytus find success in a world where all other cryptocurrencies are suffering so badly? At Bytus, we wanted to do something quite different, and that is why we came up with a plan to convert fiat money into cryptocurrency. With a Bytus Wallet, you can pay at more than a million different retailers and POS terminals all over the globe. The Bytus Wallet allows you to pay for your purchases with crypto currency using only your smartphone. With our Global Digital Payment System, we want to introduce real-world applications of crypto currencies, and how they can be used by people for simply making payments. The Bytus Wallet instantly converts crypto currency into fiat money, allowing you to instantly pay for things in the real world using only your Bytus Wallet. This revolutionary technology has allowed us to maintain profitability and grow in an increasingly demanding market. People no longer want to use paper cash in order to pay for things. Paying via mobile phone is so much easier and convenient. All it takes is a few seconds to scan a QR code and make the payment. With Bytus Tokens, you can make payments anywhere in the world. We are working closely with many retail chains and are constantly introducing new and improved options for customers so that they can use their Bytus Tokens anywhere they want.
If you consider that all the transactions will be free of charge with bytus wallet and crypto bank, I think this makes this project one of a kind and unique. You will be able to convert any cryptocurrency into FIAT without paying any fees and transaction costs. All bytus wallet users will be only charged %3 commission fee for once in every year. We're still on going development and the updated whitepaper will be released on our websites.
Bytus’ blockchain-based ecosystem has already left its mark in the financial world. The idea behind such a system has forced people to wonder if there are any limitations to the blockchain or not. The people behind Bytus certainly don’t believe there are any limits. The development of the Bytus Crypto Bank is one of the most innovative ideas that we have come across in a long time. Users are required to download the banking app to their phones and enjoy all the services associated with conventional online banking. The app is equipped with the latest software technology that ensures user security. Its multicurrency wallet feature allows users to obtain an overdraft facility by communication with the Bytus Mobile Wallet. You can easily convert your Bytus token into fiat currency without having to pay any transaction fees. This conversion feature is the catch of the Bytus ecosystem. Users also get a virtual credit card that can be used to make payments in both Bytus tokens as well as fiat currency. We at Bytus have been pioneering innovations in cryptocurrency, and the Bytus Crypto Bank is an important part of this innovation. Our blockchain experts make sure that your transactions are fully secured eliminating any possibilities of fraud. Crypto exchangers have been limited to changing one cryptocurrency to another only. Not anymore! The Bytus bank enables its users to convert their Bytus wallet account balance into fiat currency easily. The bank is an answer to all the skeptics of cryptocurrency and has provided solutions to most of the problems associated with shifting to cryptocurrency as a medium of exchange. Bytus continues to work towards improvements in this ecosystem to facilitate global adaption of cryptocurrency to build towards a more secure financial future.
Cryptocurrency has been subject to a lot of raised eyebrows recently because of the crises that these currencies are recently facing. The critics of cryptocurrency now feel that they were correct in doubting its credibility and application as a mode of payment. This might have been the case if the blockchain technology would not have advanced to the point where its applications are now seemingly endless. The application of blockchain is now considered to be realistic in sectors varying from construction to politics. The recent plunge in the cryptocurrency market has seen a trend towards recovery with a market cap of approximately billion. It owes this movement towards a prospective recovery to the advancements in blockchain technology. The market is fairly optimistic about blockchain, and this has led to the development of a sense of trust in cryptocurrencies as well. Companies like Global Digital Payment, led by founder and blockchain developer are fully aware of the applications of blockchain and have thus launched on a blockchain based ecosystem that will help both buyers and sellers in regulating and standardizing payments in cryptocurrency. Users will be able to convert their cryptocurrency into fiat money without paying any sort of transaction charges. This venture will be performed by Global Digital Payment’s wholly owned subsidiary Bytus. Cryptocurrency is still in more of an embryonic stage to be adapted as a major mode of online payments. As of now, there are various other means that have been dominant. Like in China, WeChat and AliPay have been the most used means of payment. Combined with QR readers and NFC these modes have taken over not only cash but also cards. Cash has slowly been phasing out as a means of payment, especially in the developed nations. It is very soon that we will witness cashless economic systems running in their full flow. All we know right now is that blockchain technology is the future in almost every sector in the world. This technology gained its popularity through the advent of cryptocurrency, and it is only a matter of time when we see people adapting cryptocurrency to carry out their transactions. Security of payments is one of the many aspects that blockchain brings into play and with these advancements we see the possibilities are virtually endless. As of now, the main problem that exists with crypto is that it is not a widely accepted means of payment and that it cannot be readily converted into cash. Bytus’ ecosystem has solved the latter of the two main problems, as you can convert your cryptocurrencies into fiat money. The problem that remains now is just a matter of trust that will increase as time passes on. It is safe to say that crypto is a bit ahead of its time, and we can expect the age of cryptocurrency to arrive soon with breakthroughs in blockchain acting as the main catalyst in speeding this process.
I have no idea how and where you can exchange your tokens into bitcoin or ethereum. I wish I could be more helpful for you. Good Luck.
Bytus wants to revolutionize the payment system as it works today and blockchain enables us to do that. Point of Sale transactions are always delayed by fiat payments, crypto transactions will set this right. The feasibility and speed accelerates the business, merchants are highly flummoxed when faced with certain situations regarding payments. Rigid structures and jurisdictions only allow a number of traders to bypass the whirl created by voluminous trade. Great number of merchant would like to indulge themselves in innovative methods of payment, but none of the payment processes have succeeded in making the trade agile. Bytus app is embedded with inbuilt exchange and it is programmed to work fast which can fast-track the POS transactions. Payment apps yet do not provide a stable solution to this global issue. Bytus app will change this scenario to the traders' and end users' advantage. This app will instantly make payments with cryptocurrency or fiat currency as per your preference.
*VinDAX will open trading for Bytus * @BYTUSTOKEN
Global Digital Payment, LLC was founded in March 2018. The company’s global mission to develop instant micropayment within cryptocurrency and convert it easily to FIAT.
Cryptocurrency has within a short span of time taken over more space in our lives than we can imagine. Every day that comes and goes, digital currency companies are developing solutions that help to make the digital payment ecosystem more friendly, convenient, and effective. Most people are increasingly finding cryptocurrencies flexible in enabling them to pay for their purchases online. That said, cryptocurrency is yet to be received fully in most financial jurisdictions around the world. The disruptive nature of this payment solution has made traditional financial systems a little bit reluctant and inflexible in their legal provisions. There are a number of challenges cryptocurrency users face both in the access and use of digital coins. Since commission rates for payments are not regulated, it becomes difficult for users to predict with accuracy how much they will pay in a particular transaction. The result of this is unexpected increases in commissions. Online marketplaces are now awash with digital wallets. Unfortunately, few of them address the specific vulnerabilities of the platforms they are in. This brings about the issue of questionable security. For a single cryptocurrency transaction to be confirmed, it may take up to 30 minutes. This is not welcome by most buyers and sellers because people are looking for instantaneous results when exchanging economic values. Cryptocurrencies face another challenge in conversion to FIAT. Users are forced to go through lengthy exchange processes that make it difficult to use these digital assets on stock exchanges. The special services involved in the conversion process are marred with irregularities and fraudulent tendencies. What the world needs right now is a foolproof blockchain infrastructure on which they can exchange assets, store their private keys safely, and connect conveniently to their payment terminals. This is what Global Digital Payment through the Bytus project seeks to achieve by creating a private network ecosystem where users and crypto owners can exchange their tokens for Bytus tokens. The tokens are then stored in the Bytus wallet ready for transactions. The main value that Bytus has introduced into the marketplace is the fact that you can use contactless payment through various payment terminals. Also, Bytus overcomes the conversion hurdle by enabling you to instantly convert your Bytus tokens to FIAT. The infrastructure and ecosystem of the Bytus project by Global Digital Payment consists of several components. These are the user, the validator, crypto bank, Oracle which is the program allowing users to provide data from outside chains to the locker, and the various crypto and FIAT currencies. By adding cryptocurrencies into the payment system, Bytus effectively replaces Mastercard and Visa payment systems. Bytus will ensure a transparent ecosystem that is scalable and fast in executing transactions. Through the blockchain, users will be able to convert Bytus tokens into other economic resources via the send and receive channels. The send channel enables the user to complete a number of transactions from his Bytus account to the block. The receive channel is the opposite and indicates the number of transactions a Bytus user can receive. With a mobile app still under development, the Bytus system will certainly revolutionize the crypto world making it easier and convenient to send and receive digital currencies.